Yes. I vaguely recall some research indicating it's the most likely venture to fail. You might be used to this in the startup world, but here there is no outsized upside, and you're not cultivating a valuable skill.
Business aside, there is also a huge discrepancy between the romantic image of happily hopping about a cozy little shop and the crushing burden of 18-hour workdays for near-zero pay, demotivated or thieving employees, obnoxious customers, flaky suppliers, rising or unexpected costs, your own failure to plan for this or that, and all that with no hope of things becoming different in the future. There were profiles in the NYT which I can no longer find, but here is one I did find just now: https://www.thrillist.com/eat/nation/why-to-never-open-a-res...
If you are contemplating this nearly-suicidal move I highly recommend interrogating an acquaintance who's been that and done that before investing any further effort.
Business aside, there is also a huge discrepancy between the romantic image of happily hopping about a cozy little shop and the crushing burden of 18-hour workdays for near-zero pay, demotivated or thieving employees, obnoxious customers, flaky suppliers, rising or unexpected costs, your own failure to plan for this or that, and all that with no hope of things becoming different in the future. There were profiles in the NYT which I can no longer find, but here is one I did find just now: https://www.thrillist.com/eat/nation/why-to-never-open-a-res...
If you are contemplating this nearly-suicidal move I highly recommend interrogating an acquaintance who's been that and done that before investing any further effort.